Description

Extremely Rare Vermont 10 Shilling

Vermont February 1781 10s Fine. All Vermont notes are very
rare, and most known examples are extremely low grade, many having
been pieced together from fragments of several different notes,
such as this example. Vermont notes were printed on thin, weak
paper that quickly disintegrated in circulation. Their scarcity is
due to the fact that only a single issue was emitted, and that
issue, authorized in February of 1781, had its legal-tender status
revoked after a little more than a year in circulation. The
scarcity was added-to further by the fact that these retained their
validity for tax payments, but the Treasury was denied the right to
reissue the bills, and they were burnt when received as taxes. The
presently offered piece grades Fine with multiple well-done
restorations. Expect the hammer to fall above the estimate of...